Spot Check on Stock With Abnormal Activity First Solar, Inc. (NASDAQ:FSLR)

Ivan Schwartz
March 21, 2017

This rating was issued on 2/28/17. The Stock shows P/E value of 6.85 and Forward P/E of 9.17. First Solar, Inc. was covered by a number of analysts recently, 0 rated the stock as Strong Buy, 0 rated Buy, 0 rated Hold, 0 rated sell and 0 gave an Underperform. There may be various price targets for a stock.

The stock has a high price target of $95 according to consensus of 22 analysts.

Janus Capital Management LLC decreased its stake in First Solar, Inc.

On Dec 16 First Solar, Inc. (FSLR) to Underperform with no specific Price Target on 2/22/17. (NASDAQ:FSLR) increased the target price from $0.00 to $33.62.

First Solar, Inc.is a provider of photovoltaic (PV) solar energy solutions. They now have a United States dollars 20 price target on the stock.

First Solar, Inc. (NASDAQ:FSLR)'s market cap, the total dollar value of all of their outstanding shares, is 3311.59m. While some analysts have a High Price target for the stock of $56 and a Low Price Target of $20.

03/07/2017 - First Solar, Inc. had its "sell" rating reiterated by analysts at Axiom Capital.

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FSLR has received different ratings from analysts, according to FactSet. Usually the RSI is considered overbought when above 70 and oversold when less than 30.

02/10/2017 - First Solar, Inc. had its " rating reiterated by analysts at Goldman Sachs. Insiders have sold 11,103 shares of company stock valued at $370,257 in the last quarter. Overall, the consensus ratings were for Hold by the pool of analysts.

Maximum and minimum EPS estimate for the current quarter is projected at $0.33 and $-0.28, respectively, according to 16 analysts.

For the quarter ending 11/02/2016, The Analyst projected that the company could deliver EPS of 0.74 while the company provided its Actual EPS of 1.22 showing a difference of 0.48 Percent between the Estimated and Actual EPS. This showed the surprise of 27.8% in the last quarter earnings. (FSLR) now trades with a market capitalization of $3.44 Billion. The stock touched its high share price of $72.62 on Mar 21, 2016 and the stock also touched its Lowest price in the last 52-weeks of trading on Nov 17, 2016 as $28.6. During the same quarter in the prior year, the company posted $1.60 earnings per share. This downward move has put the stock in the top loser category moving into the second half of the trading period.First Solar, Inc. The Moving Average SMA50 is -5.47% while SMA200 is -16.76%. First Solar had a net margin of 14.72% and a return on equity of 9.58%. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.28, while the High earnings estimate is $0.33.Comparatively, EPS for the same quarter a year ago was $0.7. Cornerstone Advisors Inc. now owns 2,994 shares of the solar cell manufacturer's stock valued at $118,000 after buying an additional 2,865 shares in the last quarter.

11/23/2016 - First Solar, Inc. was downgraded to "neutral" by analysts at Macquarie. The volatility in the previous week has experienced by 3.01% and observed of 4.35% in the previous month.66.00% ownership is held by institutional investors while insiders hold ownership of 23.40%.

The stock is now showing YTD performance of 2.77 Percent. The solar cell manufacturer reported $1.24 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.97 by $0.27. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 4.20.

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